Setting up an impound account (also known as “escrow account”) with your loan payment servicer is a way to include property taxes and homeowner’s insurance in you ...
A reverse mortgage is a loan available to homeowners 62 or older who have a good amount of home equity in which they can borrow against to receive a lump sum, monthly payments, or ...
An FHA loan is a mortgage which is insured by the Federal Housing Administration (FHA). FHA loans are popular with first time buyers due the little down payment required (3.5%) and ...
Conventional Loans are loans funded by private lenders and are not insured or backed by the government. Conventional loans continue to be the most popular type of loan in the Unite ...
A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which re ...
A home equity line of credit, or HELOC, is a line of credit given based on the equity of your home and is a lien on your property. Equity lines function very much like credit cards ...
A non-qualified home loan is a home loan that does not follow the provisions of the Dodd-Frank Act. For instance, if you do not qualify for a home loan using traditional income doc ...
